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The market capitalization rate corresponding to DEF stock is 10%. The expected ROE is 9% and the expected EPS is $6. What is the P/E
The market capitalization rate corresponding to DEF stock is 10%. The expected ROE is 9% and the expected EPS is $6. What is the P/E ratio? (Assume the plowback ratio is 66%). Type your answer as a decimal (i.e., without multiplying by 100). Round your answer to the nearest two decimals if needed
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